Question 3: (12 marks) (B1, C1) Zain Enterprises manufactures tires for the Formula I motor racing circuit. For August 2021, it budgeted to manufacture and sell 4,000 tires at a variable cost of $74 per tire and total fixed costs of $64,000. The budgeted selling price was $120 per tire. Actual results in August 2021 were 2,700 tires manufactured and sold at a selling price of $112 per tire. The actual total variable costs were $229,600, and the actual total fixed costs were $40,000. Instructions: Prepare a variance analysis report with both flexible-budget and sales-volume variances.